Good news for HY pipeline: investors love the asset class
High yield bonds are again the most favoured asset class in Europe, according to Fitch’s European fixed income investor survey — great news for banks, which are preparing plenty of new deal supply for March.
Some 29% of investors voted speculative grade bonds their favourite asset class far ahead of all other bond types save investment grade financials, which 24% preferred.Fitch said European high yield had not seen this amount of endorsement since January 2011, when 36% of the respondents preferred it. ...
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